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Q3 FY 2024 Review by Canon ◼ In the markets which we compete, weak demand in China and Europe, but solid demand overall ◼ Sales of cameras, network cameras and laser printers, which recovered in second quarter, continued to grow steadily in third quarter ◼ Steady growth in commercial printing equipment sales where medium-to long-term market growth is expected ◼ Third-quarter sales up 5.3% from last year and at record high level, also achieved record high in YTD sales ◼ Operating profit up nearly 20%, operating profit ratio one point above last year As for the global economy, although the European economy remains weak and the Chinese economy continues to slow down due to the real estate crisis, overall growth was stable, driven by the solid U.S. economy. In our markets, we saw the same weak demand in Europe and China, but overall demand remained solid. Our sales of cameras, network cameras, and laser printers, which recovered in the second quarter following the completion of inventory a...

28 Oct 2024 - Olympus Corporation (“Olympus”) announces that Mr. Stefan Kaufmann, Director, Representative Executive Officer, President and CEO of Olympus has resigned from his positions as Director, Representative Executive Officer, President, and CEO, Executive Officer and Member of the Nominating Committee on October 28 as below. 1. Name and title of the resigned representative executive officer Stefan Kaufmann, Director, Representative Executive Officer, President and CEO 2. Reason for the change Upon receiving an allegation that Mr. Stefan Kaufmann had purchased illegal drugs, Olympus, in consultation with outside legal counsel, immediately investigated the facts, made a report to the investigative authorities, and cooperated fully with their investigation. Based on the results of the investigation, the Board of Directors unanimously determined that Mr. Stefan Kaufmann likely engaged in behaviors that were inconsistent with our Global Code of Conduct, Our Core Values, and our corp...